Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics
收藏NBER1992-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4241
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资源简介：
This paper illustrates how fluctuations in aggregate economic activity can result from many small, independent shocks to individual sectors. The effects of the small independent shocks fail to cancel in the aggregate due to the presence of two non-standard assumptions: local interaction between
提供机构：
美国国家经济研究局
创建时间：
1992-12-01
